Remunerator News

Aug 7 2013

Federal Treasurer giving incorrect Tax Advice says Remunerator

The Australian Financial Review has reported that the Remunerator Managing Director, Matthew Honan, has highlighted that the Federal Treasurer has given incorrect advice in relation to completing a LogBook to determine the FBT on your car.

Federal Treasurer Chris Bowen suggested any three-month period in a year could be chosen to “maximise” the concession.

Matthew Honan highlights that this is inconsistent with ATO guidelines for completing a LogBook which states “The 12-week period you choose should be representative of the car’s business use.”

Click here to read the article:

http://www.afr.com/p/australia2-0/fbt_job_losses_necessary_adjustments_6VqG4N9NhhFar9m1cVv6SK